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Hint: Don't live in California. There are plenty of well-paid software jobs in places like Boston, Chicago, Northern Virginia, Atlanta, Florida, Austin, etc. They might not have the glut of "hot" startups that Silicon Valley does, but they have much more reasonable cost of living. |
What you get as a developer in the bay area is way better than other US cities.
I've lived in a couple of those places over the course of a decade and a half, and I can tell you that while the cost of living is lower there, so also is the pay. Significantly lower.
You figure in the relative scarcity of jobs, and you're looking at making a lot less, limited carrier mobility, and real stress when layoffs invariably roll around.
Sure, I can't buy a house here, but I certainly make a lot more than I spend and I stock that extra away. This creates something many people don't have: options.
Options like:
Being picky about jobs. Starting something on your own. Buying a house with cash somewhere else if you decide to move.
These are hard to replace outside of this bubble many of us live in.